Skadden's Flub Shows Potential Pitfalls Of SEC E-Filing

Law360, New York (March 13, 2012, 8:34 PM EDT) -- When Skadden Arps Slate Meagher & Flom LLP jumped the gun earlier this month and announced a highly anticipated land deal for its client Wynn Resorts Ltd. before the deal was actually finalized, other firms probably breathed a sigh of relief — but as experts warn, it could just as easily have been them.

Skadden was preparing in early March to announce the deal for Wynn, prepping press material and readying regulatory filings, when someone — a clerk, the firm says — prematurely posted a disclosure...